Industrialist Agrawal held for ‘not paying’ sugarcane farmers

Industrialist Rakesh Agrawal has been arrested by the police on charges of not paying sugarcane farmers. He was arrested today by Kathmandu Police from Tripureshwor. Agrawal is the proprietor of the Indira Sugar Mill and Agro Pvt Ltd, Nawalparasi and the Annapurna Sugar Mill Pvt Ltd, Sarlahi. His Nawalparasi-based industry is yet to pay RsComplete Reading

The government’s expenditure in the first quarter of the current fiscal was less than the revenue collection. Inability to spend even the revenue that was collected has provided a cushion of the budget surplus to the government. As per the Financial Comptroller General Office, the government spent Rs 193.71 billion in the first quarter (mid-JulyComplete Reading

A U.N.-backed fund has approved more than $1 billion for 19 new projects to help developing countries tackle climate change, officials said Sunday. During a four-day meeting in Bahrain that ended late Saturday, officials overseeing the Green Climate Fund also agreed to start seeking fresh money next year as its initial capital of about $6.6Complete Reading

China will build a railway connecting the western region of Tibet with Nepal, the China Daily reported on Friday, one of several bilateral deals signed during Nepali Prime Minister Khadga Prasad Sharma Oli’s visit to Beijing. The link will connect the Tibetan city of Xigaze with Nepal’s capital, Kathmandu, the China Daily reported. The twoComplete Reading

A group of women engaged in the herbal farming at Beldandi in Shuklaphanta Municipality in Kanchannpur district have been achieving economic independence thereby uplifting their socio economic status since their herbal farming began to thrive. They have become a veritable backbone of subsistence herbal farming in their locality which is suitable for producing various herbalComplete Reading

Weakening of the US dollar in the international market buoyed gold price, while that of silver fell in the trading week between October 7 and 12. The week-on-week review revealed, however, that gold price went up by Rs 1,100 whereas that of silver was constant. According to the Federation of Nepal Gold and Silver Dealers’Complete Reading

The crunch of human resources at Mai municipality in the district has badly affected the public service. Against the quota of 59 employees, there are only nine employees managing the office. Due to not having allocated number of employees, the ward secretary is bound to discharge the duty even of a veterinary. Municipality Mayor DipakComplete Reading

WASHINGTON, Oct. 9 (AFP) – An upswing in economic risks due to rising trade tensions and debt levels has prompted the International Monetary Fund to cut its forecast for world growth for this year and next. With trade growth set to slow sharply amid a trade war between the United States and China, the IMFComplete Reading

Prime Minister KP Sharma Oli today stressed the need for modernising and commercialising agriculture in order to attract people’s attention to this sector. The PM made this statement while inaugurating an apple farm at Dingsyang Rural Municipality-1 in Manang district. He also lauded the establishment of the farm creating job opportunities at local level. TheComplete Reading